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Binance, one of the leading cryptocurrency exchanges, has recently made the decision to suspend deposits and withdrawals of certain cross-chain bridge tokens associated with the Multichain project across specified networks. This temporary suspension, effective from July 7, 2023, until further notice, is a response to the ongoing issues encountered within the Multichain (MULTI) protocol.

Binance no longer supports deposits and withdrawals for several cross-chain bridge tokens linked with the Multichain project. Binance Suspends Multichain Support In a recent development, Binance, one of the world's largest cryptocurrency exchanges, has announced that it is ending support for withdrawal and deposit for several Multichain-bridged tokens.

Fantom token was down 6% while the Multichain token plunged 5% following the news that Binance plans to halt the use of some Multichain tokens soon. Crypto exchange Binance announced on Wednesday that it would no longer support the deposits and withdrawals of several tokens linked to the Multichain protocol, starting from July 7.

Binance, the largest crypto exchange in the world, has suspended deposits and withdrawals for eight altcoins tied to bridging platform Multichain.

Crypto exchange Binance will suspend support for eight Multichain-bridged (MULTI) tokens on July 7 till further notice because of the issues with some of the protocol's cross-chain routes.